Miguel Albuquerque, president of the Madeira regional government, has announced plans to create a Bitcoin (BTC) business center to boost regional innovation. The statement was made during a fireside chat with Serbian Prince Filip Karađorđević on the second day of Bitcoin Amsterdam 2023.
Karadjordjevic Express Interest in the new Bitcoin Business Center highlights its role in technology development and partnerships, with Albuquerque pointing to the center’s origins in Madeira and its inclusive partnership opportunities.
According to Albuquerque, the idea for the Bitcoin Business Center started with a group of hard-working professionals and is open to anyone who wants to collaborate. Madeira is an autonomous region in Portugal that has embraced Bitcoin by exempting Bitcoin investors from paying personal income tax.
Karađorđević praised Madeira for embracing Bitcoin as a forward-looking technology and a secure, open protocol similar to the web. The Serbian prince is a prominent Bitcoin advocate and the chief security officer of Jan3, who lobbies global lawmakers on the benefits of national adoption of Bitcoin.
President Madeira said his government is shifting the region’s economic focus towards technology, high-tech industries, artificial intelligence and Bitcoin.
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During the Bitcoin Miami Conference 2022, disclose Madeira will adopt Bitcoin and residents who invest in Bitcoin will be exempt from personal income tax. Albuquerque said: “I am confident about the future and Bitcoin. People who buy and sell Bitcoin in Madeira will not be subject to tax obligations related to their personal income.”
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